Polytec Holding
Market Cap
€201.9m
Last Updated
2019/11/11 20:48 UTC
Data Sources
Company Financials +
Executive Summary
Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic components for the automotive and plastics industry worldwide.
Snowflake
Fundamentals
Undervalued with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Polytec Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PYT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
11.7%
PYT
4.1%
AT Auto Components
-0.1%
AT Market
1 Year Return
-1.1%
PYT
9.6%
AT Auto Components
1.7%
AT Market
Return vs Industry: PYT underperformed the Austrian Auto Components industry which returned 9.6% over the past year.
Return vs Market: PYT underperformed the Austrian Market which returned 1.7% over the past year.
Shareholder returns
| PYT | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.7% | 4.1% | -0.1% |
| 30 Day | 11.0% | 12.4% | 5.0% |
| 90 Day | 9.3% | 20.7% | 6.4% |
| 1 Year | 3.1%-1.1% | 13.6%9.6% | 5.5%1.7% |
| 3 Year | 13.0%2.7% | 3.0%-5.4% | 46.6%33.3% |
| 5 Year | 71.8%45.6% | 34.0%18.7% | 71.0%47.0% |
Price Volatility Vs. Market
How volatile is Polytec Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Here's What Analysts Are Forecasting For Polytec Holding AG After Its Latest First-Quarter Results1 week ago | Simply Wall St
Should Polytec Holding AG (VIE:PYT) Be Part Of Your Dividend Portfolio?4 weeks ago | Simply Wall St
Polytec Holding (VIE:PYT) Shareholders Booked A 35% Gain In The Last Five YearsValuation
Is Polytec Holding undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PYT (€9.18) is trading below our estimate of fair value (€21.7)
Significantly Below Fair Value: PYT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PYT is good value based on its PE Ratio (9.5x) compared to the Auto Components industry average (12.4x).
PE vs Market: PYT is good value based on its PE Ratio (9.5x) compared to the Austrian market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: PYT is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: PYT is good value based on its PB Ratio (0.9x) compared to the XE Auto Components industry average (1.2x).
Next Steps
Future Growth
How is Polytec Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PYT's forecast earnings growth (7.9% per year) is above the savings rate (0.5%).
Earnings vs Market: PYT's earnings (7.9% per year) are forecast to grow slower than the Austrian market (8.6% per year).
High Growth Earnings: PYT's earnings are forecast to grow, but not significantly.
Revenue vs Market: PYT's revenue (3.9% per year) is forecast to grow faster than the Austrian market (2.8% per year).
High Growth Revenue: PYT's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PYT's Return on Equity is forecast to be low in 3 years time (9.9%).
Next Steps
Past Performance
How has Polytec Holding performed over the past 5 years?
9.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PYT has high quality earnings.
Growing Profit Margin: PYT's current net profit margins (3.4%) are lower than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: PYT's earnings have grown by 9.6% per year over the past 5 years.
Accelerating Growth: PYT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PYT had negative earnings growth (-28.3%) over the past year, making it difficult to compare to the Auto Components industry average (-11.1%).
Return on Equity
High ROE: PYT's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Polytec Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PYT's short term assets (€277.2M) exceeds its short term liabilities (€129.3M)
Long Term Liabilities: PYT's short term assets (277.2M) exceeds its long term liabilities (217.7M)
Debt to Equity History and Analysis
Debt Level: PYT's debt to equity ratio (84.5%) is considered high
Reducing Debt: PYT's debt to equity ratio has reduced from 101.4% to 84.5% over the past 5 years.
Debt Coverage: PYT's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: PYT's interest payments on its debt are well covered by EBIT (8x coverage).
Balance Sheet
Inventory Level: PYT has a high level of physical assets or inventory.
Debt Coverage by Assets: PYT's debt is covered by short term assets (assets are 1.3x debt).
Next Steps
Dividend
What is Polytec Holding's current dividend yield, its reliability and sustainability?
4.36%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PYT's dividend (4.36%) is higher than the bottom 25% of dividend payers in the Austrian market (1.69%).
High Dividend: PYT's dividend (4.36%) is in the top 25% of dividend payers in the Austrian market (4.19%)
Stability and Growth of Payments
Stable Dividend: PYT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PYT's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), PYT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PYT's dividends in 3 years are forecast to be well covered by earnings (32.5% payout ratio).
Next Steps
Management
What is the CEO of Polytec Holding's salary, the management and board of directors tenure and is there insider trading?
0.9yrs
Average management tenure
CEO
Markus Huemer (38yo)
0.8yrs
Tenure
€440,000
Compensation
Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer ...
CEO Compensation Analysis
Compensation vs Market: Markus's total compensation ($USD485.65K) is below average for companies of similar size in the Austrian market ($USD827.81K).
Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.
Management Age and Tenure
0.9yrs
Average Tenure
52.5yo
Average Age
Experienced Management: PYT's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Age and Tenure
12.4yrs
Average Tenure
67yo
Average Age
Experienced Board: PYT's board of directors are seasoned and experienced ( 12.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Ulrike Huemer (60yo)
Head of Industrial Division
- Tenure: 0yrs
Friedrich Huemer (62yo)
- Tenure: 0.9yrs
- Compensation: €1.10m
Peter Bernscher (51yo)
CSO & Director
- Tenure: 1.3yrs
- Compensation: €371.20k
Peter Haidenek (54yo)
CFO & Director
- Tenure: 8.8yrs
- Compensation: €277.00k
Markus Huemer (38yo)
Chairman of the Board & CEO
- Tenure: 0.8yrs
- Compensation: €440.00k
Michael Pausch
Head of Product Development Composites
- Tenure: 0yrs
Paul Rettenbacher
Head of Investor Relations
- Tenure: 0yrs
Heiko Gabbert (51yo)
COO & Director
- Tenure: 0.8yrs
Board Members
Robert Büchelhofer (77yo)
Member of Supervisory Board
- Tenure: 14.8yrs
Viktoria Kickinger (67yo)
Member of Supervisory Board
- Tenure: 13.6yrs
Fred Duswald (52yo)
Chairman of the Supervisory Board
- Tenure: 12.4yrs
Manfred Trauth (71yo)
Deputy Chairman of the Supervisory Board
- Tenure: 12.4yrs
Reinhard Schwendtbauer (47yo)
Member of Supervisory Board
- Tenure: 9.8yrs
Company Information
Polytec Holding AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Polytec Holding AG
- Ticker: PYT
- Exchange: WBAG
- Founded: 1986
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €201.919m
- Shares outstanding: 22.00m
- Website: https://www.polytec-group.com
Number of Employees
Location
- Polytec Holding AG
- Polytec-Strasse 1
- Hörsching
- Upper Austria
- 4063
- Austria
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PYT | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Apr 2006 |
| P4N | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2006 |
| 0GOX | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Apr 2006 |
| PYTV | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Apr 2006 |
Biography
Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic components for the automotive and plastics industry worldwide. The company offers passenger car engine parts, including ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/11 20:48 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.